Director/PDMR Shareholding

RNS Number : 5799G

Big Yellow Group PLC

24 July 2019

 

24 July 2019

Big Yellow Group PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	1. Nicholas Vetch 2. James Gibson 3. Adrian Lee 4. John Trotman
b)	Position / status	1. Executive Chairman 2. Chief Executive Officer 3. Operations Director 4. Chief Financial Officer
c)	Initial notification / amendment	Initial Notification in each case
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary Shares of Big Yellow Group PLC (the "Company").
b)	Nature of the transaction	In each case, on 23 July 2019 the Executive Directors exercised nil paid options over ordinary shares of 10 pence (the "Options") granted under the Company's Long Term Incentive Plan.  Each of the messrs Vetch, Gibson, Lee and Trotman exercised the following Options at an average price of £10.11 per share: 1. Mr Vetch exercised an option to purchase 37,420 shares under the Company's Long Term Incentive Plan at nil pence per share.  He sold these shares at an average price of £10.11 per share.  Following these transactions, Mr Vetch's holding has remained at 7,154,944 shares, representing 4.29% of the issued share capital of the Company. 2. Mr Gibson exercised an option to purchase 41,054 shares under the Company's Long Term Incentive Plan at nil pence per share.  He sold these shares at an average price of £10.11 per share.  Following these transactions, Mr Gibson's holding has remained at 2,508,693 shares, representing 1.50% of the issued share capital of the Company. 3. Mr Lee exercised an option to purchase 30,416 shares under the Company's Long Term Incentive Plan at nil pence per share.  He sold these shares at an average price of £10.11 per share.  Following this transaction, Mr Lee's beneficial holding has remained at 872,192 shares, representing 0.52% of the issued share capital of the Company. 4. Mr Trotman exercised an option to purchase 30,416 shares under the Company's Long Term Incentive Plan at nil pence per share.  He sold these shares at an average price of £10.11 per share.  Following this transaction, Mr Trotman's beneficial holding has remained at 231,037 shares, representing 0.14% of the issued share capital of the Company.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. £10.11 37,420 2. £10.11 41,054 3. £10.11 30,416 4. £10.11 30,416
d)	Aggregated information Aggregated volume Price	139,306 shares £10.11
e)	Date of the transaction	23 July 2019
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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